RRB NTPC 2020 Exam Important Economy Questions with Answers: Practice Important General Awareness (GA)/GK Economy Topics & Questions to Score High Marks in RRB NTPC CBT 2020
RRB NTPC 2020 Exam Important Economy Questions with Answers: In this article, we have provided Important GK Economy Topics & Questions which will help you in acing General Awareness Section of the RRB NTPC CBT-1 2020 Exam which will be of 40 Marks.
RRB NTPC 2020 Exam Important Economy Questions with Answers: RRB NTPC 2020 Computer Based Exam (CBT-1) will be conducted from 28th December 2020 Onwards for over 1.25 crore candidates. To score high marks in the exam candidates must start practicing the important topics and questions for RRB NTPC 2020 Exam. For the ease of the candidates, we have compiled Important Economy Topics & Questions from the General Awareness Section based on the latest exam pattern of the RRB NTPC 2020 Exam.
RRB NTPC 2020 General Awareness - Important Economy Topics & Questions
General Awareness (GK & Current Affairs) is considered to be one of the highest scoring sections of the RRB NTPC 2020 Exam and will be of 40 marks. This section aims at testing the candidates’ general awareness and knowledge of current affairs taking place around the world and in India. Let’s look at the important Economy topics that have appeared frequently in RRB NTPC Exam over the last few years.
Terminology of Budget (like National Income, GDP, Fiscal Deficit and many more)
Five Year Plan and its importance
Famous persons in the economy
Institutions and their importance like RBI, SEBI, etc
Finance and Banking sector
Other National & International Events
RRB NTPC 2020 General Awareness Economy Important Questions
1. Name the inter-governmental organization to promote international co-operation?
Explanation: United Nations (UN) - the inter-governmental bodies play a key role in fostering international cooperation and take concrete action through resolutions and decisions. UNODC acts as the Secretariat to these bodies and provides them with substantive and technical support.
2. IGMDP, in Indian context, is a:
- Management Development Programme
- Monetary Policy
- Missile Programme
- Marketing Policy in Management Studies
Explanation: The Integrated Guided Missile Development Programme (IGMDP) was an Indian Ministry of Defence programme for the research and development of the comprehensive range of missiles.
3. As per Census of India 2011, the population density was about
- 382 people per sq.km
- 353 people per sq.km
- 402 people per sq.km
- 428 people per sq.km
Explanation: The population density of India has gone up to 382 persons per suare kilometre in 2011 from 325 persons per suare kilometre in 2001.
4. Who among the following can accept the deposits of money from the public, as a business in financial transactions?
- Unincorporated Associations
- None of the above
Explanation: Only those NBFCs to which the Bank had given a specific authorisation and have an investment grade rating are allowed to accept/ hold public deposits to a limit of 1.5 times of its Net Owned Funds.
5. NEFT and RTGS are the means for?
- Money transfer
- Fiscal control policy
- Monitoring tax collection
- Implementing GST
Explanation: RTGS (real time gross settlement) and NEFT (national electronic funds transfer) are electronic payment systems that allow individuals to transfer funds between banks.
6. SAARC countries are from which part of the world?
- South America
- South Asia
- South Africa
- None of the above
Explanation: The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of states in South Asia. Its member states are Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.
7. What is the type of Indian Economy?
Explanation: The planners of Indian Economy adopted the concept of mixed economy. A mixed economy consists of private and public sectors.
8. Who was the author of the Book 'Planned Economy of India'?
- M. Visvesvaraya
- Dada Bhai Nairobi
- Bhim Rao Ambedkar
- Jawaharlal Nehru
Explanation: Mokshagundam Visvesvaraya, was Diwan of Mysore from 1912 to 1918. He received India's highest honour, the Bharat Ratna, in 1955.He wrote a book "Planned Economy for India" in 1934.
9. Which of the following is not matched correctly?
- First Five Year Plan: 1951-56
- Third Five Year Plan: 1961-66
- Seventh Five Year Plan: 1980-85
- Tenth Five Year Plan: 2002-07
Explanation: Seventh Five Year Plan was launched during the period of 1985 to 1990. This plan was started by Rajiv Gandhi government when Dr. Manmohan Singh was Deputy Chairman of planning commission.
10. Inflation is the state in which ..............................
- The value of money decreases
- The value of money increases
- The value of the money increases first and then decreases
- The value of money decreases first and increases later
Explanation: Value of currency decreases because price of goods increases.
Practicing Important Topics & Questions of RRB NTPC Exam can help you in many ways in your exam preparation. Remember that there are no sectional time limits and no sectional cut-offs. Your job is to simply maximize your score however you can.